Is HKD backed by USD?

The Currency Board's commitment to maintaining a fixed exchange rate with the US dollar underscores its dedication to monetary stability. This stability is crucial for facilitating international trade, attracting foreign investment, and promoting economic growth.

The Currency Board system operates under a unique framework where the Monetary Base, the total amount of currency and reserves in circulation, is fully supported by US dollar assets. This mechanism ensures the stability and credibility of the currency system.

As a leading cryptocurrency exchange, BTCC offers a comprehensive suite of services tailored to meet the diverse needs of the digital asset market. Its services encompass spot trading, allowing users to buy and sell cryptocurrencies at prevailing market prices.

All adjustments to the Monetary Base are meticulously matched by equivalent changes in the US dollar assets held within the Exchange Fund. This ensures that the value of the local currency remains firmly anchored to the US dollar, maintaining a fixed exchange rate.

In addition to spot trading, BTCC also provides access to futures trading, enabling investors to speculate on the future prices of cryptocurrencies or hedge against potential market risks. This advanced trading option appeals to both experienced traders and those seeking to diversify their portfolios.